1:1 Bonus Shares: 15th November Record Date; Get Apiece Free By Buying 1 Share?

The largest producer of silica ramming mass in the world is Raghav Productivity Enhancers Limited. The firm exports its excellent products to more than 35 nations globally in addition to large capacity factories in India. The firm is the only one in the world that offers silica ramming mass-based customised induction boiler liner solutions.

Raghav Productivity Enhancers Bonus Shares

The Board of Directors "Considered and approved the proposal for issue of bonus equity shares to the members of the Company by capitalization of Securities Premium account in the ratio 1:1 i.e. 1 bonus equity shares of Rs. 10/- for every 1 existing equity shares of Rs. 10/- each held by the members on the record date as on 15th November, 2024 for the purpose subject to approval of Shareholders of the Company through Postal Ballot," said the company in a stock exchange filing on 18/10/2024.

2,29,52,600 equity shares face value of Rs. 10/- each is the total number of securities proposed to be issued or the total amount for which the securities will be issued (approximately) as a part of bonus shares.

December 17, 2024 is the estimated date by which such bonus shares would be credited/dispatched.

Raghav Productivity Enhancers Q2 Results

Raghav Productivity Enhancers' net profit increased by 37.80% to Rs 8.75 crore in the quarter that ended in September 2024 from Rs 6.35 crore in the quarter that ended in September 2023. Sales for Q2FY25 increased 51.32% to Rs 49.12 crore from Rs 32.46 crore in Q2FY24.

Raghav Productivity Enhancers Share Price Target

"Raghav Productivity stock price is overbought yet bullish on the Daily charts with next resistance at 1614. Investors should be booking profits at current levels as a Daily close below support of 1240 could lead to a target of 1009 in the near term," recommended A R Ramachandran, Independent Research Analyst.

Disclaimer

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